Mountain Real Estate Capital & Oakwood Homes Acquire Banning Lewis Ranch in Colorado

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By The Hoyt Organization -

Torrance, CA – May 31, 2012 – (RealEstateRama) — Mountain Real Estate Capital (MREC) announces the closing of a new investment with Oakwood Homes of Denver to acquire and build out Banning Lewis Ranch, a 2,600-acre, 8,500-approved-lot master-planned community located in Colorado Springs, Colo. The transaction represents MREC’s second investment in Colorado and first with Oakwood. The terms of the transaction were not disclosed.

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